Selected Quarterly Financial Data (Unaudited)



	Year Ended December 31, 2017
	First Quarter				Second Quarter			Third Quarter			Fourth Quarter
Restaurant sales	$	239,852		(1)	$	279,478	(1)	$	285,235		$	283,967	(1)
Income from operations	(1,406)			(1)(2)	12,335		(1)(2)	8,684		(1)(2)	9,860		(1)(2)
Net income	(5,596)				6,039			2,795			3,921
Basic and diluted net income per share	(0.16		)		0.13			0.06			0.09
Restaurants at end of period	788				799			798			807

	Year Ended January 1, 2017
	First Quarter				Second Quarter			Third Quarter			Fourth Quarter
Restaurant sales	$	222,519		(3)	$	241,368	(3)	$	238,870	(3)	$	240,826	(3)
Income from operations	6,680			(3)(4)	13,896		(3)(4)	9,049		(3)(4)	6,077		(3)(4)
Net income	2,145				9,376			4,489			29,462		(5)
Basic and diluted net income per share	0.05				0.21			0.10			0.65
Restaurants at end of period	717				723			734			753		(6)

(1)

In fiscal 2017 the Company acquired 43 restaurants in the first quarter, 17 restaurants in the second quarter, and four restaurants in the fourth quarter (See Note 2). In fiscal 2017 the Company recorded acquisition costs related to the 2017 and 2016 acquisitions of $0.7 million in the first quarter, $0.5 million in the second quarter, $0.5 million in the third quarter and $0.1 million in the fourth quarter (See Note 2).

(2)

In fiscal 2017 the Company recorded impairment and other lease charges of $0.5 million in the first quarter, $0.4 million in the second quarter, $1.0 million in the third quarter and $0.8 million in the fourth quarter (See Note 5). Also in fiscal 2016, the Company recorded a gain of $0.5 million related to a settlement for a partial condemnation on one of its operating restaurant properties in the first quarter, expense of $1.85 million related to the settlement of litigation with its former Chairman and CEO in the second quarter (see Note 14), a gain of $0.5 million related to property insurance recoveries from a fire at one of its restaurants in the second quarter and a gain of $0.7 million related to property insurance recoveries from a fire at one of its restaurants in the fourth quarter (see Note 9).

(3)

In fiscal 2016 the Company acquired twelve restaurants in the first quarter, six restaurants in the second quarter, eleven restaurants in the third quarter and 27 restaurants in the fourth quarter (See Note 2). In fiscal 2016 the Company recorded acquisition costs of $0.4 million in the first quarter, $0.2 million in the second quarter, $0.5 million in the third quarter and $0.8 million in the fourth quarter (See Note 2).


(4)	In fiscal 2016 the Company recorded impairment and other lease charges of $0.2 million in the first quarter, $0.3 million in the second quarter, $0.7 million in the third quarter and $1.2 million in the fourth quarter (See Note 5).


(5)	In the fourth quarter of 2016, the Company recorded an income tax benefit of $30.4 related to the reversal of the valuation allowance previously recorded on all of the Company's net deferred tax assets (See Note 10).


(6)	The Company closed nine restaurants at the end of the fourth quarter of 2016.